Lake Havasu Real Estate Inventory Shrinking

Lake Havasu real estate news continues to improve with inventory shrinking again this month. The number of single family homes for sale in Lake Havasu City is now down to only 551 citywide as of this week. With another 174 residential homes selling in March and pending sales numbers remaining high Lake Havasu home values will start to climb as long as this trend continues.

There is virtually no doubt the Lake Havasu market has bottomed unless something completely unexpected happens. In fact the very bottom has likely already passed.

In addition to the falling housing inventory even vacant rentals continue on the decline. Our rental department (the largest in town) is literally running out of them with a vacancy rate in March of less than 5%. And if you still don't believe housing is recovering in Lake Havasu, check this out: About 5 homes a day are selling in Lake Havasu City - Nearly 500 have already sold this year alone...and that does not include multifamily, vacant lots, commercial, or non-agent assisted sales. Including those numbers the totals are even higher.

We continue to say it month after month but with less than a 6 month supply of Lake Havasu homes for sale and bank owned Lake Havasu foreclosure inventory continuing to trend downward the market has shifted. Only time will tell but considering entry level properties have sold in price ranges that rival the cost of many new automobiles how much lower could it have gone?

The new Arizona State University campus at Lake Havasu will open this fall. Enrollment is going on now with expectations for about 200 students the first year, plus faculty and administration. This is a very exciting time in for this resort town.

The question Julie and I always ask is...Where else can you buy a vacation home for prices this affordable in a fun resort town with warm and sunny winter weather, outstanding summer pleasure boating, and overlooking a stunningly scenic lake? And all within a few hours drive of Las Vegas, Phoenix and Southern California. It's time to consider a home in beautiful and affordable Lake Havasu City, Arizona.

For a FREE information packet on the Lake Havasu area just click here and request it and we will personally mail you our complete package right away.

Have a great day!

Bobby

Bobby & Julie Lewis Team

#1 Coldwell Banker Agents in Lake Havasu City Area

928-486-4498 Bobby

928-486-4147 Julie

www.DiscoverHavasuHomes.com

www.DiscoverHavasuRealEstate.com

2360 Barranca Dr. Lake Havasu City, Arizona

Check out this great new Pool Home Listing in Lake Havasu City. Fantastic Lake View from front yard, great mountain views and privacy around the resort style pool.

This is a great Lake Havasu home for money. Owner is asking $189,000 and will consider carrying the note with a good down payment and shorter term for balloon. Prefers to be paid off but wants to sell.

This 3 bedroom 2 bath Lake Havasu home offers split bedroom floorplan, stainless steel kitchen appliances, 29.5' boat deep garage and more. You won't be disappointed.

Backyard is tremendous with sparkling pool with baja shelf, waterfall, and outstanding privacy. Fully walled and ready to go.

MLS# 863262

Check it out on YouTube at our website.

Call now for more details on this great Lake Havasu property.

Thank you,

Bobby & Julie Lewis Team
Coldwell Banker Residential Brokerage
928-486-4498 Bobby
928-486-4147 Julie

www.DiscoverHavasuHomes.com

www.DiscoverHavasuRealEstate.com

Lake Havasu Real Estate Weather

Temps are expected to be in the low 80's all week. Why not use the great weather to get out and shop for a Lake Havasu Home for sale.

Request a FREE Lake Havasu Foreclosure List.

Nearly 300 Homes sold the first 2 months of 2010 in Lake Havasu City and inventory is falling drastically. Get on board now while buyers are still picking up homes for less than 50% off the highs of just a few years ago.

Call now for expert consultation on Lake Havasu Real Estate.

No Pressure...No Obligation...Just Friendly Service!

Bobby & Julie Lewis Team

Coldwell Banker

928-486-4147

http://www.discoverhavasuhomes.com/

Lake Havasu City Real Estate Market Update - 11/19/2009

Lake Havasu City Real Estate Market Update as of 11/19/2009

Well the trend continues. Homes continue to sell at a much brisker pace than a year ago.

In fact from 10/15-11/15/2009 another 141 additional single family properties sold in Lake Havasu City well ahead of the 95 that sold during the same period last year. That's a nearly a 50% increase year over year.

Here is the breakdown of Lake Havasu market activity from October 15-November 15th, 2009:

• 141 Single Family Homes Sold (77 of which were foreclosures)




• Most Expensive Sold Home $800,000




• Lease Expensive Sold Home $49,900




• Currently 104 Foreclosures are on the Market in Lake Havasu City




• Available Single Family Foreclosures Price Ranges as of 11/19/09 - $39,900 - $549,900

There is definitely a different feel in the air in real estate offices all over the city. Agents are busy, buyers are present, and due to the extremely low prices people are excited about real estate again. This might be the best opportunity for years to come to get in and buy a home in Lake Havasu City, AZ. Request a FREE Lake Havasu Foreclosure List here.

Please call, e-mail, or post to this blog anytime with questions.

Thanks for visiting!

Bobby

Bobby & Julie Lewis
Coldwell Banker Residential Brokerage
Lake Havasu & Parker, Arizona REALTORS®
928-486-4498 Bobby's direct cell
928-486-4147 Julie's direct cell
928-244-1800 fax
888-HAVASU-8 Toll FREE

Check Out our FUN Websites:

http://www.discoverhavasuhomes.com/

http://www.discoverhavasurealestate.com/